N26 France: The Complete Guide

Originally published at: N26 France: Opening an Online Bank Account

N26 France:
The Complete Guide

The world of banking is changing every day. As time passes, we find that more and more aspects of our everyday lives are becoming easily transmissible to our smart devices. In this article, we will be going over how this is made possible through banking companies such as N26 and how you can benefit from N26 in France.

N26, the pioneer of digital banking, has been operating in France since 2017. As of October 2021, they have over 2 million users in the country. The bank aims to reach 5 million users by 2024. Now, let’s quickly go through how N26 operates and how you can open an N26 account in France.

What Is N26

N26 is a digital bank. Founded in 2013 by Valentin Stalf and Max Tayenthal, it has gradually become one of the most trusted and efficient digital banks used by millions across the globe. It’s now a global phenomenon, with servers all over Europe. Since 2019, it has been operating in the US too. If you’re looking for a company that will provide efficient and excellent online banking services with a variety of different options to choose from, then N26 is the one to go with.

How to Open a N26 Account in France: Step by Step Guide

  • Step1

    Enter the N26 website. If you are not creating your account through a browser then download their app from the Appstore through your mobile device.

  • Step 2

    Once you have finished installing the app or accessing N26’s website, you will then be guided to clicking where it says Open bank account.

    Step 2

  • Step 3

    Submit your details:

    -Name / Email / Date of Birth / Address

    -Passport Number or Residency Card Number

    -Nationality / Country of Birth

  • Step 4

    Confirm your identity through a short video call. If this is not an option for you then you’ll also be able to submit documentation or photo ID to confirm that you are actually in a location in which N26 is available.

    Step 4

  • Step 5

    Choose the type of account that best fits your needs. These different account types will be discussed in detail later in this article.

  • Step 6

    Confirm your choices through a four-digit code you will receive through SMS on your mobile device.

    Step 6

  • Step 7

    Your N26 account setup should be finished and ready to go. You should then expect to receive your bank card at the address you provided within a few weeks.

Does N26 Provide Service in French?

Yes, it does. N26 is an international company, so their supplies when it comes to accommodating international languages are top of the range. N26 provides language options through its app, website, and customer service. The languages that are available to access in these mediums are the following:

  • English
  • French
  • German
  • Spanish
  • Italian

Open an N26 Account

N26 Account Types Available in France

As mentioned earlier in this article, N26 offers a variety of different choices when it comes to choosing what level of account you will go with. Below we have listed and gone over in detail the different forms of accounts you can choose from to help you make the best decision fitted to your needs, these include four options such as the N26 Standard Account, the N26 You Account, the N26 Metal Account and the N26 Business Account.

N26 Standard Account

Montly Fee: None

This simple account allows you to have a maximum of five withdrawals with your MasterCard debit card through ATMs. If you are to withdraw traditionally, you will be charged a fee of €2 per withdrawal. However, if you’re doing payments through your card there is no fee involved.

N26 You Account

Montly Fee: €9.90

N26 You is perfect for people who travel often. This account allows for completely unlimited withdrawals. You’ll also find yourself with the additional benefits of shopping, travel, and winter sports insurance included in this package. You’ll be charged €9.90 per month for this card option and you’ll be able to choose from five different color options too.

N26 Metal Account

Montly Fee: €16.90

The Metal Account grants you all the previously mentioned benefits, even more. If you choose this option you’ll find that your account has rent car and smartphone insurance included too. As well as this, you’ll also receive exclusive bonuses and offers exclusive to Metal Account holders. This account costs a monthly fee of €16.90 per month.

N26 Business Account

There is a fourth and final option when it comes to different forms of account, that being the N26 Business Account. This account essentially grants access to business bank accounts. It aims freelancers and independent workers who are aiming to keep both their personal and business bank accounts separated from one and another.

We’ve prepared the below chart to summarize the plans. Before you open an N26 account, check the official website for the latest information and fees.

N26 Account Comparison Chart

Bank N26 Pros And Cons

Benefits of Bank N26 in France

  • Open an N26 account in France freely
  • No bureaucracy or paperwork load
  • No need to visit a bank branch
  • Low exchange rates
  • Hassle-free application
  • Safe and reliable
  • Deposits up to €100,000 are protected
  • User-friendly interface

Disadvantages of Bank N26 in France

  • Limited services (no mortgage, or investment methods like traditional banks)
  • Might be difficult to reach call center agents

‘Banco’ N26 in Portugal and Its Exponential Growth

Before the Covid-19 pandemic, Banco N26 was growing at such a pace that it multiplied itself a couple of times every year. By the beginning of 2020, there were around 100,000 users in Portugal and the intention is to quickly get that number to a quarter of a million. The exact number of users is not disclosed by the startup. However, global users exceed five million.

N26’s main competitors in the Portuguese market are Revolut and Monese. Revolut has over 300,000 users in Portugal and Monese has around 100,000 users.

N26 is one of the most popular digital banking options in Portugal. The main reasons are the free account option, affordability of additional transaction fees and premium packages, user experience, and safety.

Growth by Existing User Referrals

N26 Chief Business Office, Sarunas Legeckas reveals that the primary factor behind their fast growth is the referrals from existing users on to their friends. This shows a high level of customer satisfaction.

The largest demographic among the N26 users are aged between 18 and 24. Nevertheless, 40% of their users are above the age of 35.

N26 has a local team of 24 employees in Portugal, reporting to the headquarters in Berlin, Germany.

N26 Alternatives in France

N26 is not the only ‘neobank’ available in Portugal Below, we present competing digital banking options that have services in Portugal:


The TransferWise Borderless account is unlike other online banking options. It is a multi-currency account. You can send and receive money from anywhere and from any currency. The TransferWise account allows you to use the money in more than 40 different currencies and convert the amount whenever necessary. In some countries, TransferWise offers a debit card for withdrawals and payments. Portugal is one of these countries.

Find out more details about TransferWise’s multi-currency account here.


The bunq is based in Amsterdam, the Netherlands, and has the motto “Bank of the free”. The bunq operates in Portugal as an EU Credit Institution. All bunq accounts are protected by the Netherlands Deposit Guarantee System for up to € 100,000 in deposits. The bunq offers three types of current accounts, all with a monthly cost: Premium, Joint, and Business. The free account has been discontinued. It is possible to open an account online through the website or through the bunq app.


Revolut application allows you to create an online checking account. You can transfer money for free and make online purchases and payments. You can also request a debit card to use physically and to withdraw money at ATMs all around the world.


Monese allows its customers to have a mobile account where they can make transfers, payments, purchases, money withdrawals, and receive their salary.

Portuguese Users Declare N26 in Tax Statement

The Portuguese Treasury considers digital bank accounts as accounts that are domiciled abroad. Banco de Portugal (BdP) recognizes N26 as a credit institution. Accordingly, the N26 IBANs need to be declared to Portal das Finanças – the Portuguese IRS.

N26 is rather dissatisfied with the obligation to declare a foreign account to the tax authorities. The disruptive fintech institution is in efforts to progress the banking regulations across Europe, in the same direction technological innovation has progressed.

Bottom Line: Is It Worth Opening an N26 Account in Portugal?

N26 is an excellent service that provides you a smooth and modern online banking experience. The digital bank provides for a free of charge account, which can be opened in under ten minutes.

N26 bank account allows for cash withdrawals at ATMs all around the world, international money transfers at very competitive exchange rates, purchases, payments, receival of salaries, among other transactions.

It is particularly a very good option for freelancers, self-employed people, frequent travelers, digital nomads, and expats in Portugal. Both the website and the app are very user-friendly.

They have all the necessary safety features in place.

So yes, it is a good idea to have a N26 bank account in Portugal. For further information, go ahead and check out our complete Bank N26 Review.